A Workforce Reduction Strategy Is to Cut the Number of Employees

question 50

True/False

A workforce reduction strategy is to cut the number of employees through layoffs and terminations.

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Definitions:

Need Hierarchy

A theory in psychology proposing that people are motivated to fulfill basic needs before moving on to other, more advanced needs.

Job Satisfaction

A measure of how content an individual is with their job; it can influence productivity and employee retention.

Social Comparison

The process by which individuals evaluate their own abilities, achievements, and situations by comparing themselves to others.

McClelland's Learned Needs

A theory that suggests that human needs for achievement, affiliation, and power are acquired through life experiences.